A loan of $3,000 helped to open a grocery shop.

Zaza's story

Zaza is 30 years old. He lives in Sagarejo District with his 27-year-old wife, Lela, his parents and his brother. Zaza requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time because of low income and the family’s poor living conditions.

The main source of the income for the family is from poultry. They have chickens and sell eggs at the local markets.

Zaza requested a loan from Credo to start up a family business. Zaza has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people who do not have access to credit products. These rural poor people are regarded as “high-risk borrowers” because of their low income.

With his credit, Zaza will renovate the commercial space and purchase grocery stock to open a grocery shop. As he owns the space and will not have to pay the rent for it, Zaza will have a good profit. In order to decrease the expenses, he and his wife will be working in the shop as sellers. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details